Is it possible to pay monthly salary in sum in Vietnam? Is it possible to receive salary in foreign currency in Vietnam?

Is it possible to pay monthly salary in sum in Vietnam?

Pursuant to Article 97 of the 2019 Labor Code, salary payment time is as follows:

1. An employer who receives an hourly, daily or weekly salary shall be paid after every working hour, day or week respectively, or shall receive a sum within not more than 15 days as agreed by both parties.

2. An employee who receives a monthly or bi-weekly salary shall be paid after every month or every two weeks respectively. The payment time shall be periodic and agreed upon by both parties.

3. An employee who receives a piece rate or a fixed amount shall be paid as agreed by both parties. In case a task cannot be completed within one month, the employee shall receive a monthly advance payment based on the amount of work done in the month.

4. In case of a force majeure event in which the employer is unable to pay the employee on schedule after all remedial measures have been implemented, the salary shall be paid within 30 days. In case a salary is paid at least 15 days behind schedule, the employer shall pay the employee a compensation that is worth at least the interest on the amount paid behind schedule at the latest 1-month interest rate quoted by the bank at which the employee’s salary account is opened.

Thus, according to current regulations in Vietnam, employees who are paid monthly can agree on the time of salary payment. Therefore, it is possible to pay salary every 2 months / 1 time. However, it should be noted that this payment will have to be paid in a certain cycle.

Is it possible to receive salary in foreign currency in Vietnam?

According to Article 95 of the 2019 Labor Code, the salary payment is as follows:

1. The employer shall pay the employee on the basis of the agreed salary, productivity and work quality.

2. The salary written in the employment contract and the salary paid in reality shall be VND, unless the employee is a foreigner working in Vietnam.

3. Every time salary is paid, the employer shall provide the employee with a note specifying the salary, overtime pay, nightshift pay and deductions (if any).

According to this Article, the employer can only pay salaries in foreign currency to foreign workers. Therefore, you can only receive your salary in Vietnam Dong.

Best Regards!